Busen Apparel Wants To Buy A Second-Hand Car Business?

Recently, a number of sources revealed that the business of excellent car, such as the excellent credit company of the used car business, will be backdoor listing in the near future.

The reporter learned exclusively that the company is participating in the restructuring plan of Zhejiang Busen apparel Limited by Share Ltd, a A share listed company.

According to press reports, Zhejiang, July 1st

The Limited by Share Ltd issued a notice on the online meeting of major asset reorganization.

According to the announcement, the Zhejiang Busen apparel Limited by Share Ltd and the excellent Mdt InfoTech Ltd (Beijing) Mdt InfoTech Ltd are negotiating, designing and demonstrating the project, and actively promoting the due diligence, audit and evaluation of a major asset reorganization with relevant intermediary agencies.

That is, Mdt InfoTech Ltd (Beijing) is participating in the reorganization plan of Zhejiang Busen apparel Limited by Share Ltd.

It is reported that the Zhejiang Busen apparel Limited by Share Ltd stock has been suspended since July 1, 2016, and the total suspension time is not more than 1 months. It is expected that the relevant documents of the major asset reorganization will be disclosed later than August 1, 2016 and applicant company shares will resume trading.

On the Internet investor relations interaction platform provided by Shenzhen Securities Information Co., Ltd., Mr. Chen Jian Fei, chairman and general manager of Busen, Mr. Fang Ming, independent director, Mr. Yuan Jianjun, director of financial affairs, Mr. Li Lianda, director and Secretary of the board of directors, communicate with and communicate with investors in connection with this important asset reorganization.

But Busen executives did not respond directly to investors' questions about whether they were backdoor listing or buying some assets of the group.

It is learnt that the Zhejiang Busen apparel Limited by Share Ltd was founded in 1985, focusing on men's shirts.

The design, development, production and sale of clothing and accessories such as western trousers, jackets, T-Shirts, professional wear and so on.

In 2011, Busen A shares were first published and issued on the Shenzhen stock exchange.

According to the data, Busen apparel achieved 402 million yuan in operating income in 2015, a decrease of 16.52% compared with the same period last year, and a net profit attributable to shareholders of listed companies (hereinafter referred to as "net profit") of 11 million 500 thousand yuan, an increase of 111.21% over the same period last year. The net profit from deducting non recurring gains and losses was negative 24 million 180 thousand yuan, or 24 million 180 thousand yuan loss, and the company's net profit was negative for two consecutive years.

On the other hand, according to the trading share data of China used car e-commerce platform in 2015, the second hand B2B e-commerce platform accounted for second of the 27.9% of China's second-hand vehicle e-commerce platform trading share in 2015.

Insiders said that the domestic A share listing required that the company must have a continuous profit and profit growth for three consecutive years. In recent years, the second-hand car business has launched a big advertising campaign. The second hand car supplier has been investing heavily in advertising. The excellent group has divested itself of the second-hand car B2B business, which has been listed on the backdoor market, or the loss business has been thrown to the group's second hand vehicle B2C e-commerce platform, the second best vehicle has been used, forcing the data to meet the listing standards.

Reporters will continue to report on the restructuring plan and related information.